PT Selamat Sempurna Tbk PUBLIC EXPOSE Jakarta, 28 Agustus 2018

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1 PT Selamat Sempurna Tbk PUBLIC EXPOSE Jakarta, 28 Agustus 2018

2 Fact Sheet about PT Selamat Sempurna Tbk PT Selamat Sempurna Tbk is the flagship of ADR Group (Automotive Division) The Largest Filter Manufacturer in the region The Most Comprehensive range of products Serve more filtration and radiator products than any other auto component company Exported to more than 120 countries worldwide Trademark Registration in more than 125 countries worldwide 90% of our revenue is recurring aftermarket revenue Strong Balance Sheet and Cash Flow 2

3 Manajemen / Management Dewan Komisaris (BOC): Surja Hartono : Komisaris Utama (President Commissioner) Handi Hidayat Suwardi : Komisaris Independen (Independent Commissioner) Direksi(BOD) : Eddy Hartono : Direktur Utama(President Director) Djojo Hartono : Direktur Operasional(Operational Director) Ang Andri Pribadi : Direktur Keuangan(Finance Director) Lucas Aries Setyapranarka : Direktur Independen(Independent Director) Rusman Salem : Direktur Pemasaran(Marketing Director) 3

4 Chronology of Listing & Capital Structure Description Date Stocks Accumulated (Shares) Nominal Value Accumulated (Rp.) IPO 09 Sep Bonus Shares 11 Nov Bonus Shares 12 Aug Stock Split (1:5) 10 Jul Merger 28 Dec Stock Split (1:4) 02 Nov Capital Structure No. of Shares value per Share Amount (Rp) Authorized Paid-Up Market Cap (at the closing 21 Aug 2018)

5 Composition of Shareholders Shareholders Number of Shares Issued and Fully Paid % Amount PT Adrindo IntiPerkasa ,13% Others (each with ownership interest below 5%) ,87% Total ,00% Share Ownership July 31,2018 Number of Investors % Number of Shares % Foreign Institutions % % Local Institutions % % Foreign Individuals % % Local Individuals % % Total % % 5

6 Production Plant - Indonesia Kapuk Plant (Radiator Facilities) Filters : 96 millions pieces per year Tangerang Plant (Filter Other Products & Subsidiaries) Radiators: 1.95 millions pieces per year 6

7 Product Range With more than 8,000 part numbers available for automotive and heavy duty applications, we serve wide range of products than any other auto component company. With additional part numbers every year. 7

8 Brand Names Our Product brand names are well recognized in the after market as well as OEM & OES, both locally and internationally. Some of our brand names are: 8

9 Daftar / List of OEM/OES ATLAS COPCO CARRIER CASE NEW HOLLAND CHEVROLET DAIHATSU DOOSAN FOTON HINO HITACHI HONDA HYUNDAI ISUZU JCB KIA KOBELCO KUBOTA LINDE MAN MANITOU MAZDA MITSUBISHI NISSAN SUMITOMO SUZUKI TAKEUCHI TCM TEREX TOYOTA UD TRUCKS VOLVO YALE YANMAR etc 9

10 Technical Assistance Filters 1984: Donaldson Company Inc., USA (PT Panata Jaya Mandiri) 1985: Mahle Japan Limited, Japan. (formerly Tsuchiya Manufacturing Co. Ltd., Japan) 1988: Tokyo Roki Co., Ltd., Japan (PT Selamat Sempurna Tbk) Radiators & Others 1979: Tokyo Radiators Mfg. Co. Ltd., Japan (Radiator - PT Selamat Sempurna Tbk) 1982: Usui Kokusai Sangyo Kaisha Ltd., Japan (Brake Pipes - PT Selamat Sempurna Tbk.) 1989: ShinMaywa Industrial Co. Ltd., Japan. (PT Hydraxle Perkasa) 2013: Sueyoshi Kogyo Co. Ltd., Japan. (Fuel Tank and Hydraulic Tank for Construction Machinery PT Selamat Sempurna Tbk) 10

11 25 Years Consecutive Sales Growth No Year Net Sales No Year Net Sales ,072 2,633 2,382 2,269 3,340 2,880 2, , ,354 1,375 1, Amount in Billion Rupiah 11

12 15 Years Consecutive Net Income No Year Net Income Amount in Billion Rupiah 12

13 18 Years Consecutive Export Sales Growth No Year Export Sales ,324 2,051 2,042 1,832 1,479 1,339 1,317 1,139 1,035 1, '99 '00 '01 '02 '03 ' Amount in Billion Rupiah 13

14 13 Years Consecutive Dividend Payment Growth No Book Year Total Dividend (In Bio IDR) Net Income (In Bio IDR) Payout Ratio , % , % , % , % , % , % , % , % , % , % , % , % , % , % Paid quarterly dividend since 2016 Increased annually for 13 years ,97* % DIVIDEND POLICY, Dividend percentage of net income are: Net income up to Rp 10 billion : 35%; Net income above Rp 10 billion -Rp 30 billion : 40%; Net income above Rp 30 billion : 45%. Dividend Distribution on year 2018 : Final Dividend For Book Year 2017 : IDR 69 Bio on June 08, 2018 * 1 st Interim Dividend For Book Year 2018 : IDR 58 Bio on May 25, nd Interim Dividend For Book Year 2018 : IDR 86 Bio on Aug 28,

15 Summary Performance 1H 2018 Position as per 30 June 18 Changes Net Sales IDR T 20% Profit for the Period* IDR 221 B 4% EPS IDR 38 4% * Attributable to Owners of the parent entity 15

16 Comparative Financial Highlights 6 Months Ended Compare Q to Y 1H'18 1H'17 1H' Net Sales 1,793 1,494 1,793 3,340 Gross Profit ,007 Profit for the period attributable to : Owners of the parent entity Non-controlling Interest Total Assets 2,714 2,331 2,714 2,443 Total Current Assets 1,776 1,508 1,776 1,570 Total Current Liabilities Total Liabilities Equity attributable to : Owners of the parent entity 1,693 1,486 1,693 1,592 Non-controlling Interest Earnings per Share Amount In Billion Rupiah except Earning per Share 16

17 Financial Ratio Compare Q to Q Compare Q to Y 1H'18 1H'17 1H' Net Sales Growth 20% Total Asset Growth 16% 11% Total Equity Growth 15% 7% Gross Profit Margin 28% 29% 28% 30% Operating Profit Margin 18% 20% 18% 20% Net Income Margin *) 12% 14% 12% 15% Return on Assets 9% 10% 9% 23% Return on Equity *) 13% 14% 13% 31% Total Debt / Total Assets 28% 27% 28% 25% Total Debt / Equity 39% 37% 39% 34% Current Ratio 324% 327% 324% 374% *) Attributable to Owners of the parent entity 17

18 Sales Performance 1H 2018 (6 Months Ended) Market Sales (Rp) Increase /(Decrease) 1H 18 % 1H 17 % Rp % Indonesia % % % Overseas % % % Total % % % Product Sales (Rp) Increase /(Decrease) 1H 18 % 1H 17 % Rp % Filter % % % Radiator 151 8% % (10) (6%) Body Maker 160 9% 92 6% 68 73% Trading % % 50 14% Others % % 33 20% (Elimination) (428) (24%) (368) (25%) (60) (16%) Total % % % Amount In Billion Rupiah 18

19 Sales by Region Continent 6 Months Ended 1H H 2017 Rp % Rp % Inc / (Dec) Indonesia % % 31% Asia % % 7% America % % (4%) Europe % % 20% Australia 142 8% 54 4% 161% Africa 24 1% 20 1% 19% Total % % 20% Amount in Billion Rupiah 19

20 Investment Activity 6 Months Ended in 2018 June 2018 : on Friday, 29 June 2018, PT Selamat Sempurna Tbk, has signed a Share Purchase Deed related to Share Purchase Transaction in Sure Filter Thailand Co., Ltd ( SF-Thailand ), a Company registered and incorporated under the laws of Thailand. Total value of transaction, amounting THB ,- (fifty five Thailand Baht) or equivalent to Rp ,- (twenty three billion seven hundred thirty eight million Rupiah), which is represented 44.00% shareholding in SFT. As for the composition of shareholders after the transaction is as follows: Shareholders Before Transaction After Transaction Number of Share % Number of Share % Phuchit Thanakorncharean 299, , Phirunlak Wongsawan 32, ,500 5 Fu-Tung Jan 32, ,500 5 PT Adrindo Intisarana 286, PT Selamat Sempurna Tbk , Total 650, , The view of the inclusion of SF Thailand in the SMSM Performance will started since July 2018 and reflectedon3 rd Quarter2018Result 20

21 Investment Activity continue.. Independent parties engaged in connection with the Transaction and appointed by the Company are as follows: The Company had appointed Public Appraiser Office (Kantor Jasa Penilai Publik) Iskandar dan Rekan (hereinafter referred to as Appraiser ) as independent appraiser to provide fairness opinion on the Transaction. The Appraiser declares having no affiliated relation either directly or indirectly with the Company as defined under the Law of Capital Market. Approval from Creditors : In connection with the implementation of the Transaction, the Company obtains approval from its creditors as follow: 1. PT Bank Central Asia Tbk -Letter No /GBK/2018 dated on June 28, PT Bank Mizuho Indonesia Letter dated on June 28, 2018 Nature of Affiliated relations based on share ownerships structure: AIP : PT Adrindo Intiperkasa AIS : PT Adrindo Intisarana Fu-Tung Jan : The Republic of China (ROC) Citizen Phuchit Thanakorncharean : Thailand Citizen Phirunlak Wongsawan : Thailand Citizen EH : Eddy Hartono DH : Djojo Hartono JK : Johan Kurniawan MH : Meryana Hartono SyH : Suryadi Hartono SH : Surja Hartono OHP : Oeij Hui Pek 21

Structure of Company with the Subsidiaries and Associates Holding : BRADKE : BRADKE SYNERGIES SDN BHD Manufacture : PJM : PT PANATA JAYA MANDIRI HP : PT HYDRAXLE

INDUSTRIES SDN BHD Distribution : PTC : PT PRAPAT TUNGGAL CIPTA CMG : PT CAHAYA MITRA GEMILANG CSR : PT CAHAYA SEJAHTERA RIAU SOLCREST : SOLCREST PTY LTD

22 Structure of Company with the Subsidiaries and Associates Holding : BRADKE : BRADKE SYNERGIES SDN BHD Manufacture : PJM : PT PANATA JAYA MANDIRI HP : PT HYDRAXLE PERKASA SSP : PT SELAMAT SEMPANA PERKASA TRSS : PT TOKYO RADIATOR SELAMAT SEMPURNA POSCO IJPC : PT POSCO INDONESIA JAKARTA PROCESSING CENTER FILTON : FILTON INDUSTRIES SDN BHD Distribution : PTC : PT PRAPAT TUNGGAL CIPTA CMG : PT CAHAYA MITRA GEMILANG CSR : PT CAHAYA SEJAHTERA RIAU SOLCREST : SOLCREST PTY LTD POWERFIL : POWERFIL AUTOPARTS SDN BHD SS AUTO : SS AUTO SDN BHD BS : BS ENTERPRISE SDN BHD SS A-Sabah : SS AUTO (Sabah) SDN BHD SF Thailand : SURE FILTER THAILAND CO., LTD 22

23 PT Panata Jaya Mandiri PJM (Subsidiary Company) SMSM owns a 70% stake inpjm Joint venture with Donaldson Company Inc., USA Financial Highlights 1H 18(U) 1H 17(U) Inc/ (Decr)% Net Sales % Gross Profit % Income From Operations % Profit for the period % Current Asset % Total Asset % Current Liabilities (9%) Total Liabilities (-1%) Total Equity % U = Unaudited Amount in Billion Rupiah 23

24 PT Hydraxle Perkasa HP (Subsidiary Company) SMSM owns a 51% stake inhp Manufacture dump hoist and body maker of dump truck, trailer, mixer, and tank Financial Highlights 1H 18(U) 1H 17(U) Inc/ (Decr)% Net Sales % Gross Profit % Income From Operations % Profit for the period % Current Asset % Total Asset % Current Liabilities % Total Liabilities % Total Equity % U = Unaudited Amount in Billion Rupiah 24

25 PT Prapat Tunggal Cipta PTC (Subsidiary Company) SMSM owns a 99.9% stake inptc Sole distributor that specializes on the trading of the Company products in Indonesia aftermarket sectors. Financial Highlights 1H 18(U) 1H 17(U) Inc/ (Decr) % Net Sales % Gross Profit % Income From Operations % Profit for the Period % Current Asset % Total Asset % Current Liabilities % Total Liabilities % Total Equity % U = Unaudited Amount in Billion Rupiah 25

26 PT Selamat Sempana Perkasa SSP (Subsidiary Company) SMSMownsa99.9%stakeinSSP manufacturers rubber O-rings, polyurethanes, and plastisol adhesives for automotive industries Financial Highlights 1H 18(U) 1H 17(U) Inc/ (Decr) % Net Sales % Gross Profit % Income From Operations % Profit for the Period % Current Asset % Total Asset % Current Liabilities (16%) Total Liabilities (7%) Total Equity % U = Unaudited Amount in Billion Rupiah 26

27 Bradke Synergies Sdn Bhd BRADKE (Subsidiary Company) SMSM owns a 100,00% stake inbradke Bradke is the Holding Company which had subsidiaries of which are (i) Manufacturing of filters product & the Company's Supplier for machinery (Filton Industries Sdn Bhd), the Company's sole distributor of filter products in Malaysia & Australia(PowerfilAutoPartsSdnBhd,SSAutoSdnBhd,SolcrestPteLtd) Financial Highlights 1H 18 (U) 1H 17 (U) Inc/ (Decr) % Net Sales % Gross Profit % Income From Operations 9 9 3% Profit for the period 7 6 9% Current Asset % Total Asset % Current Liabilities % Total Liabilities (5%) Total Equity % U= Unaudited Amount in Million Ringgit Malaysia 27

28 Sure Filter Thailand SF THAILAND (Associate Company) SMSM owns a 44,00% stake insf Thailand [acquire on June 29, 2018] SF Thailand is the Company's sole distributor of filter and radiator products in Thailand Financial Highlights 1H 18 (U) 1H 17 (U) Inc/ (Decr) % Net Sales % Gross Profit % Income From Operations % Profit for the period % Current Asset % Total Asset % Current Liabilities (21%) Total Liabilities % Total Equity % Theview oftheinclusionofsfthailandinthesmsmperformancewillstartedsincejuly2018and reflectedon3 rd Quarter2018Result U= Unaudited Amount in Million Baht Thailand 28

29 PT POSCO Indonesia Jakarta Processing Center (Associate Company) SMSM owns a 15% stake inposco IJPC Joint venture with POSCO and DAEWOO International Corporation Financial Highlights 1H 18(U) 1H 17(U) Inc/ (Decr)% Net Sales % Gross Profit % Income From Operations % Net Income (0.66) 0.20 (421%) Current Asset (5%) Asset (5%) Current Liabilities (6%) Liabilities (6%) Equity (2%) U = Unaudited Amount in Million USD 29

30 PT Tokyo Radiator Selamat Sempurna (Associate Company) SMSM owns a 33% stake intrss Joint venturewith Tokyo Radiator Mfg. Co. Ltd Financial Highlights 1H 18(U) 1H 17(U) Inc/ (Decr)% Net Sales % Gross Profit % Income From Operations % Net Income % Current Asset % Asset % Current Liabilities % Liabilities % Equity % U = Unaudited Amount in Billion Rupiah 30

31 Achievement 2018 Month Achievement January 100 Fastest Growing Companies Awards 2017 in the Sub Sector of Automotive Components of the Miscellaneous Industry Sector by InfoBank Indonesia Automotive Component Manufacturer of The Year From Frost&Sullivan April May August The Best Vendor Performance 2017 by PT Suzuki Indomobil Motor Appreciation and Recognition for Good Performance in 2017 by PT Suzuki Indomobil Motor Investor Awards 2018 for the category of Best Listed Company 2018 in Diversified Manufacturing Sector The Most Tax Friendly Corporate and Country Contributor Award at 2018 Tempo Country Contributor Award. Thank You visit us : This presentation has been prepared by PT Selamat Sempurna Tbk independently and is circulated for the purpose of general information only. It is not intended for the specific person who may receive this presentation The information in this presentation has been obtained from sources which we deem reliable. No warranty (expressed or implied) is made as to the accuracy or completeness of the information. All opinions and estimations included in this presentation constitute our judgment as of this date and are subject to change without prior notice. We disclaim any responsibility or liability whatsoever arising which may be brought or suffered by any person as a result of acting in reliance upon the whole or any part of the contents of this report and neither PT Selamat Sempurna Tbk and/or its affiliated companies and/or their respective employees and/or agents accepts liability for any errors, omissions, negligent or otherwise, in this report and any inaccuracy herein or omission here from which might otherwise arise Cautionary note on forward-looking statements: This presentation may contain statements regarding the business of PT Selamat Sempurna Tbk and its subsidiaries that are of a forward-looking nature and are therefore based on management's assumptions about future developments. Forward-looking statements involve certain risks and uncertainties because they relate to future events. Actual results may vary materially from those targeted, expected or projected due to several factors. Potential risks and uncertainties includes such factors as general economic conditions, foreign exchange fluctuations, interest rate changes, commodity price fluctuations and regulatory developments. The reader and/or listener is cautioned to not unduly rely on these forward- looking statements. We do not undertake any duty to publish any update or revision of any forward-looking statements. 31

Investor Relations Q Performance

Investor Relations Q Performance Investor Relations Q1 2018 Performance Fact Sheet about PT Selamat Sempurna Tbk PT Selamat Sempurna Tbk is the flagship of ADR Group (Automotive Division) The Largest Filter Manufacturer in the region